In the nineteenth century, the opening of automation replaced dangerous jobs with industrial machinery as stated by Trevir Nath, an economist from Rutgers University, in the article “Automation Technology and Its Impact on Jobs” that was published on Nasdaq on October 05, 2015. This marked the introduction of tools like the cotton gin and the steam power. The main purpose of machinery has been replacing dull chores with automated interfaces. For example, computers at the beginning of the 20th century could hardly execute some mathematical calculations.
Nowadays, with the availability of inexpensive power of computers, the internet and artificial intelligence are automating many routine tasks. Katie Allen, a Guardian's economics reporter, …show more content…
As claimed in the article “Automation Technology and Its Impact on Jobs”, many American are worried whether technology will steal their job. However, with technology, workers produce more goods and services, so therefore it creates higher wages and living standards for middle class.
In the article “The impact of technology on employment”, published on the World Economic Forum on October 02, 2012, and written by Kenneth Rogoff, a professor of Economics and Public Policy at Harvard University, the author affirms that as wages keep rising, factory managers are already looking for chances to replace employees with robots. As nowadays smartphones are being sold at a very low price, online purchases will eliminate great number of retail jobs. Calculations suggest that technological changes will lead to a 5-10 million jobs loss every year